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1000 dollars left.

Posted on 6/1/20 at 9:19 pm
Posted by Pipedream
Member since Nov 2019
1231 posts
Posted on 6/1/20 at 9:19 pm
I’ve been investing little by little on the way down, at the bottom, and now still. I’m getting close to the amount I’m willing to put in. I need to start saving back up some life savings agin so I can buy a house next year. I may put in some more later.

I have about $1000 left right now.

What’s your all in on a long term play with some good growth potential left?
Posted by go ta hell ole miss
Member since Jan 2007
13610 posts
Posted on 6/1/20 at 9:29 pm to
Three shares of NVDA or one share of TSLA.
This post was edited on 6/1/20 at 9:31 pm
Posted by bass
Member since Oct 2016
3837 posts
Posted on 6/1/20 at 10:08 pm to
YouTube “trading options with small accounts”. Get some small and consistent gains going. Once you figure out how to earn 5% to 10% on a weekly basis, maybe get an unsecured loan to spike your funds.

There are also option plays you can find on YouTube with very high probability win rates.
This post was edited on 6/2/20 at 7:10 am
Posted by CBP3110
Member since Aug 2012
6485 posts
Posted on 6/1/20 at 10:26 pm to
I dumped a lot in Tesla (awhile ago) went in on Peloton A lot. Peloton is high risk though.
Posted by bass
Member since Oct 2016
3837 posts
Posted on 6/2/20 at 9:09 am to
Why am I being downvoted? I’m up 2 grand since 8:45 am doing this.
Posted by Whodatforlife21
Big Easy
Member since Apr 2013
1896 posts
Posted on 6/2/20 at 9:10 am to
Put everything into draft kings.
Posted by Jag_Warrior
Virginia
Member since May 2015
4079 posts
Posted on 6/2/20 at 9:36 am to
quote:

Why am I being downvoted? I’m up 2 grand since 8:45 am doing this.


Who knows? Probably because there's not much understanding of the options market here, other than buy a call and pray that the stock goes up. I'm not criticizing, but there are only a couple of guys on here who seem to know much about strategies other than going long a call or put and hoping.

I've been trading options for years (I invest in stocks, but very seldom trade stocks anymore) - almost exclusively a seller of premium. While I personally wouldn't use borrowed funds to trade, other than that, I agree with you. There is definitely a learning curve. But if a person is disciplined (not just a "give it a twirl" type) and truly serious about making outsized gains on a consistent basis, this is the way to do it, IMO.

I haven't finished my calculations for May yet, but my win rate is probably somewhere north of 95% - mainly because IV is overstated. So while you'd expect a series of 10 delta short sales to have a 90% win rate, in truth, they'll probably be higher because of that IV overstatement. We won't even talk about earnings announcement$.

Posted by bass
Member since Oct 2016
3837 posts
Posted on 6/2/20 at 9:46 am to

I was being vague intentionally because I’m trying to recommend more of the educational aspect of the research on options.

There’s a whole other world out there when you’re talking options. You can make money no matter which way the stock goes or if it goes nowhere at all. You literally don’t have to be right when it comes to stock price direction, you only need to be in position. Timing for entry and exit is everything.

Like you, I rarely trade stocks as well, I have 1 of each stock that I have option positions on for monitoring purposes only.

I was the OP, three times. My knowledge comes from refusing to fail and go bankrupt and possibly losing my marriage. Took me 2 years to finally figure things out, the loans were needed in my situation but I wouldn’t recommend either.
This post was edited on 6/2/20 at 10:11 am
Posted by CHiPs25
ATL
Member since Apr 2014
2894 posts
Posted on 6/2/20 at 11:09 am to
I put $1k in DS yesterday at $2. As of right now it's at $2.15. Small gains but this stock has the possibilty of going to $5 in the next 90 days, once they start opening back up.
Posted by BowDownToLSU
Livingston louisiana
Member since Feb 2010
19214 posts
Posted on 6/2/20 at 11:23 am to
Just took $500 worth of DS. I think your forecast may be right
Posted by Jag_Warrior
Virginia
Member since May 2015
4079 posts
Posted on 6/2/20 at 12:42 pm to
quote:

There’s a whole other world out there when you’re talking options. You can make money no matter which way the stock goes or if it goes nowhere at all. You literally don’t have to be right when it comes to stock price direction, you only need to be in position.


That's what made me fall in love with the options market. I'm wrong a good 50% of the time (just ask my girlfriend ). So sticking with a strict system, where I mainly rely on price ranges and the deltas, changed my financial life. When I'm long or short a stock, I have to be right on direction. But with options, whether I'm using strangles/iron condors or just call/put spreads or even naked positions, I don't have to be right on price... just the outer limits within a specified time limit.

I know I'm preaching to the choir with you. You get it. Sounds like you're already "there". Happy trading to you.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26573 posts
Posted on 6/2/20 at 12:47 pm to
I just bought $1,000 of CRNC
Posted by JohnWicksDawg
Member since Mar 2018
358 posts
Posted on 6/2/20 at 1:37 pm to
quote:

What’s your all in on a long term play with some good growth potential left?
Vanguard Index 500 Fund - or Vanguard Index 500 ETF (No difference in performance. The ETF just gives you quicker transactions should the need ever arise).
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 6/2/20 at 1:55 pm to
quote:

I just bought $1,000 of CRNC


Good buy. I'm also in it.
Posted by CHiPs25
ATL
Member since Apr 2014
2894 posts
Posted on 6/2/20 at 2:04 pm to
I guess whoever downvoted us doesn't like growth. DS is up 12% today.
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/2/20 at 2:21 pm to
quote:

I dumped a lot in Tesla (awhile ago) went in on Peloton A lot. Peloton is high risk though.



Peloton will go bankrupt. Sell quickly after you've made a good return.
Posted by wildcat3
Member since Jul 2011
147 posts
Posted on 6/3/20 at 9:11 am to
Getting interested in this and trying to educate myself. One question, do you have to subscribe to the pay sites that graphs the data that shows the IV, etc., or can you get that info from Robin Hood, or yahoo finance sites? What tools do you use, and what fees are involved?
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